Alcoa Fastening Systems Expands into Casablanca, Morocco.Summary: Alcoa Fastening Systems (AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ) announced today that it is continuing its global growth strategy and has completed the acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. from Demicron SNC SNC St Norbert College (De Pere, Wisconsin) SNC Sistema Nervioso Central SNC Société en Nom Collectif (French: Partnership) SNC Système Nerveux Central (French: central nervous system) Alcoa Fastening Systems (AFS) announced today that it is continuing its global growth strategy and has completed the acquisition of assets from Demicron SNC, which will be integrated into the AFS organization as Alcoa Fixations Maroc. Demicron SNC operates from a single location in Casablanca with less than 50 employees. Demicron SNC has a solid reputation within the European aerospace industry as a quality manufacturer of precision specialty machined aerospace parts, complex progressive dies, forging and stamping tools; and has been a reliable partner to AFS for more than two years. Terms were not disclosed. "The acquisition of business assets from Demicron SNC and integration with AFS as Alcoa Fixations Maroc present unique opportunities in support of our AFS European aerospace growth initiatives. It provides AFS a strong platform for rapid expansion of our presence in the European specialty machined aerospace parts segment," said Olivier Jarrault, President of Alcoa Fastening Systems. "It also provides ready access to available and experienced manufacturing capacity, in close proximity to our Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). aerospace operations, that will benefit AFS and our customers through improved affordability and capacity, in support of the Airbus A 350 launch and as the markets turn around." AFS expects to complete the integration by year end, and will continue to look for similar synergistic opportunities that bring value to its long-term manufacturing plan. Alcoa Fastening Systems, a business unit of Alcoa (NYSE NYSE See: New York Stock Exchange :AA), is a leading worldwide designer and manufacturer of specialty fasteners fasteners In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections. , nut and frangible fran·gi·ble adj. Capable of being broken; breakable. See Synonyms at fragile. [Middle English, from Old French, from Medieval Latin frangibilis, from Latin frangere, to break collar systems, fluid fittings, assembly components and installation tools for aerospace and commercial applications. Headquartered in Torrance, California, the company has more than 6,000 employees, and manufactures at 21 locations in 9 countries. AFS also operates 7 worldwide distribution/logistics centers providing value-added services. Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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